For Immediate Release
Wednesday, September 11, 2013
KABUL, AFGHANISTAN- The modernization of Da Afghanistan Bank (DAB), Afghanistan’s central bank, continues with scheduled openings of the United States Agency for International Development (USAID) funded upgrading branch buildings in Farah and Zabul provinces this month.
The modernization of Da Afghanistan Bank (DAB), Afghanistan’s central bank, continues with scheduled openings of the United States Agency for International Development (USAID) funded upgrading branch buildings in Farah and Zabul provinces this month. The buildings illustrate DAB’s achievements in modernizing its systems, streamlining its operating structure, and expanding its branch network.
“The new facilities stengthen the infrastruture in which DAB operates,” says DAB interim Governor Noorullah Delawari. “Our capacity to service government revenue collections, salary disbursements, and funding for critical development programs, such as the National Solidarity Program, is significantly enhanced with the new branch buildings. We are grateful for USAID’s generous support as well as that of the Provincial Reconstruction Teams.”
USAID has been providing technical assistance to DAB since late 2002. With respect to the branch network, efforts centered on establishing connectivity in provincial branches, introducing computers to automate banking functions, and to establish an automated national payment system.
“Access to capital is one of the major constraints to economic growth in Afghanistan,” USAID Mission Director, Leon S. Waskin commented. “But before you can bring these badly needed banking services to the rural areas you must first establish a safe and strong financial infrastructure, these regional Branches of DAB are a big step in that process.”
Currently, all 34 provincial capital branches, as well as 5 district branches, are equipped with computers and internet technology. DAB has processed over $2.32 billion Afghani through its Afghanistan Funds Transfer System, approximately $1.5 billion of which represent provincial transfers for payment of government salaries, community development projects, and for other provincial reconstruction initiatives. The Afghan people, and the districts in which they live, have benefited in the form of infrastructure improvements, new or refurbished schools, medical clinics, and municipal centers, and through worker wages paid to Afghans engaged in the rebuilding of their country.
Last updated: March 06, 2014